Kagan: Broadcast TV Station Deals Top $5B in 2017

Broadcast TV station deals topped $5 billion in 2017, about even with the year before and dominated by Sinclair Broadcast Group’s pending $3.9 billion purchase of Tribune Media, according to researcher Kagan, a unit of S&P Global Market Intelligence.

Total television station mergers & acquisitions activity was $5.03 billion in 2017, compared to $5.3 billion in 2016, Kagan said. The Sinclair-Tribune merger was announced in May and accounted for about 75% of the TV deal volume for the year.